93RD GENERAL ASSEMBLY
State of Illinois
2003 and 2004
SB2242


 
Introduced 1/15/2004, by Emil Jones Jr.
 
SYNOPSIS AS INTRODUCED:
 		













215 ILCS 5/801.1









    Amends the Illinois Insurance Code. Makes a technical change in a Section
concerning the legislative purpose of the mine subsidence insurance Article of
the Act.



















LRB093 15874 RCE 41491 b




















 


 


A BILL FOR









 














SB2242

LRB093 15874 RCE 41491 b









1
    AN ACT concerning insurance. 

 
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    Be it enacted by the People of the State of Illinois, 
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represented in the General Assembly: 


 
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    Section 5. The Illinois Insurance Code is amended by 
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changing Section 801.1
as follows:


 
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    (215 ILCS 5/801.1)

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    Sec. 801.1. Legislative purpose.
Purpose. The purpose of 
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this Article
is to require insurers to
make mine subsidence 
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insurance coverage available for residences, living units
and 
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commercial buildings located in Illinois; to establish the 
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Illinois Mine
Subsidence Insurance Fund; to divide the Fund 
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into separate residential and
commercial sub-funds; and to make 
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the Fund the reinsurer for the mine
subsidence insurance made 
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available under this Article.


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(Source: P.A. 88-379.)